With negligible crime rate and strong economy, Dubai has been a favorite
destination for job seekers, entrepreneurs and investors. Recently the Emirate
has recognized as world’s strongest housing market in 2013. Residential
property prices have been showing highest rises since market recovery.
Significant rises in rental and buying prices have signaled Dubai Government to
enforce new regulations to control the market.
Despite sprouting business, job and investment opportunities the successful
win of EXPO 2020 also evoked the fear of bubble in property market in Dubai
leading state government to take suitable initiatives to control the momentum
within real estate sector. Implementation of regulatory measures has become
mandatory to control those landlords, who have been always looking to increase
rents upon renewal of tenancy contracts.